Snowflake (NYSE:SNOW) Trading Up 0%

Snowflake Inc. (NYSE:SNOW - Get Free Report) was up 0% during mid-day trading on Monday . The company traded as high as $159.61 and last traded at $158.19. Approximately 883,391 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 6,459,199 shares. The stock had previously closed at $158.13.

Analyst Upgrades and Downgrades

Several research firms have commented on SNOW. Rosenblatt Securities raised Snowflake from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research report on Friday, April 5th. Needham & Company LLC dropped their target price on Snowflake from $265.00 to $240.00 and set a "buy" rating on the stock in a report on Thursday, February 29th. Guggenheim raised Snowflake from a "sell" rating to a "neutral" rating in a report on Friday, March 15th. KeyCorp initiated coverage on shares of Snowflake in a research report on Thursday, April 11th. They issued an "overweight" rating and a $185.00 price objective on the stock. Finally, Evercore ISI cut their price objective on shares of Snowflake from $250.00 to $225.00 and set an "outperform" rating for the company in a research report on Thursday, February 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $202.00.

Snowflake Price Performance

The stock has a market cap of $52.63 billion, a price-to-earnings ratio of -61.75 and a beta of 0.91. The firm's 50-day moving average is $168.46 and its 200 day moving average is $179.14.

Snowflake (NYSE:SNOW - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, topping analysts' consensus estimates of ($0.49) by $0.05. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. The business had revenue of $774.70 million during the quarter, compared to the consensus estimate of $759.86 million. On average, sell-side analysts forecast that Snowflake Inc. will post -1.9 EPS for the current year.

Insider Activity

In other Snowflake news, SVP Christian Kleinerman sold 10,000 shares of the business's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the senior vice president now directly owns 736,567 shares in the company, valued at $162,044,740. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Grzegorz Czajkowski sold 683 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $161.42, for a total value of $110,249.86. Following the completion of the sale, the executive vice president now owns 86,208 shares in the company, valued at $13,915,695.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Christian Kleinerman sold 10,000 shares of the business's stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. Following the transaction, the senior vice president now directly owns 736,567 shares in the company, valued at $162,044,740. The disclosure for this sale can be found here. Insiders have sold 168,209 shares of company stock valued at $34,291,592 in the last three months. Corporate insiders own 8.30% of the company's stock.

Institutional Trading of Snowflake

A number of hedge funds have recently made changes to their positions in SNOW. Rakuten Securities Inc. purchased a new stake in shares of Snowflake during the fourth quarter worth about $790,000. Sequoia Financial Advisors LLC raised its position in shares of Snowflake by 209.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,658 shares of the company's stock valued at $927,000 after purchasing an additional 3,152 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Snowflake during the 3rd quarter valued at approximately $458,000. Glynn Capital Management LLC boosted its stake in shares of Snowflake by 3.1% during the 3rd quarter. Glynn Capital Management LLC now owns 188,428 shares of the company's stock valued at $28,786,000 after buying an additional 5,629 shares during the last quarter. Finally, Raymond James & Associates grew its position in shares of Snowflake by 55.9% during the fourth quarter. Raymond James & Associates now owns 295,486 shares of the company's stock worth $58,802,000 after buying an additional 105,937 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

Snowflake Company Profile

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.